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jle-theory-model

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Use when a The Journal of Law and Economics (JLE) manuscript needs a model of the legal rule — deterrence, liability, contracting, or regulation — to interpret estimates, generate testable predictions, or carry a theory contribution in the Chicago price-theory tradition. Calibrates how much theory belongs and where; it does not design the identification (jle-identification).

When to use

• modeling legal rules for deterrence, liability, contracting, or regulation
• interpreting reduced-form estimates with economic mechanisms
• generating testable predictions or comparative statics
• delivering welfare or optimal-penalty results
• mapping coefficients to structural objects
• carrying standalone theory contributions about legal institutions

When not to use

• designing identification strategies
• adding notation without testable predictions
• producing comparative statics after seeing results

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